WASHINGTON ECONOMIC DEVELOPMENT GROUP (EIN 421276049) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

MELANIE BIMSON

Phone

3196533942

Tax Period

2025-01-01 to 2025-12-31

WASHINGTON ECONOMIC DEVELOPMENT GROUP, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $184K in total revenue in fiscal year 2025. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $220K exceeded revenue, resulting in a 19% operating deficit.

Mission

COORDINATE AREA ECONOMIC DEVELOPMENT

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $161,726

Program Service Revenue $0

Investment Income $13,883

Other Revenue $8,820

TOTAL REVENUE $184,429

Expense Breakdown

Grants Paid $48,172

Salaries & Benefits $110,087

Fundraising Expenses $0

Program Expenses $48,172

Other Expenses $61,287

TOTAL EXPENSES $219,546

Year-over-Year Comparison

	2025	2024	Change
Revenue	$184,429	$692,070	-0.7%
Expenses	$219,546	$180,837	+0.2%
Net Income	$-35,117	$511,233	-1.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELANIE BIMSON	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$0
TERRY ENGELKEN	PAST PRESIDENT	1.00	Director	$0	$0	$0
BRETT DEWOLF	PRESIDENT	1.00	Officer Director	$0	$0	$0
AMANDA RUSSELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CONNIE LARSEN	SECRETARY	1.00	Officer Director	$0	$0	$0
NICOLE MEYER	TREASURER	1.00	Officer Director	$0	$0	$0
RYAN LEVY	DIRECTOR	1.00	Director	$0	$0	$0
BEN ROTHE	DIRECTOR	1.00	Director	$0	$0	$0
KELLY LITWILLER	DIRECTOR	1.00	Director	$0	$0	$0
BOB YODER	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA MEYER	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE REDLINGER	DIRECTOR	1.00	Director	$0	$0	$0
TERA PICKENS	DIRECTOR	1.00	Director	$0	$0	$0
RYAN SCHLABAUGH	DIRECTOR	1.00	Director	$0	$0	$0
WILLIE STONE	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN STONE	DIRECTOR	1.00	Director	$0	$0	$0
PETER GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
COLE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH GAA	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$184,429	$219,546	$976,506	$-35,117
2024	No data	No data	No data	No data
2023	$240,258	$162,750	$510,253	$77,508
2023	$240,258	$162,749	$510,253	$77,509
2022	$265,673	$156,703	$437,728	$108,970
2021	$218,464	$147,935	$336,323	$70,529

WASHINGTON ECONOMIC DEVELOPMENT GROUP